Saw Joseph Stiglitz last night as part of the Union Distinguished Lecture Series (quick hat-tip to the wonderful ladyshadoe for inviting me to this).  Mr. Stiglitz is a nobel prize winning economist (2001) and was Senior Vice President and Chief Economist at the World Bank.  Of course, his speech in Madison was based on his thoughts on globalization, and his ( Read more... )

( No amount of observations of white swans can allow the inference that all swans are white, but the observation of a single black swan is sufficient to refute that conclusion )